Including younger Americans from the age of _____, almost half of Americans report they currently use alcohol
a. 12
b. 14
c. 15
d. 18
e. 21
A
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Louise is unemployed due to a decrease in the demand for workers with a knowledge of a certain word processing language. This is an example of:
a. cyclical unemployment. b. frictional unemployment. c. involuntary unemployment. d. structural unemployment.
According to the quantity theory of money, if the economy were facing inflation, the Federal Reserve Bank could combat it by:
A. decreasing the supply of money. B. increasing the supply of money. C. cutting taxes. D. increasing taxes.
GATT is an example of a successful unilateral approach to achieving free trade
a. True b. False Indicate whether the statement is true or false
In the circular flow of income model injections:
a) Are assumed to be exogeneous (independent of national income) b) Are assumed to be a function of national income c) Decrease aggregate demand d) Decrease the investment into an economy